How do I place these orders on RK Global

N

NayaBaccha

Member
#1
#1
Hello,

I recently opened an account with RK Global and would like to start trading but I have no clue how to use the stop loss thing :( I am listing out a few things that I need to know how to do if one of you be kind enough to guide me through or point me in the right direction if there is a resource already available in another thread :

Here is an example :

I would like to buy RIL at 865 and would like it to be sold off automatically if a trade happens at a price of Rs861.

Once I have say 100 shares at a price of 865 each and there is an automatic stop loss thing in place for Rs861 to keep the loss limited to Rs4 per share... Now say the price starts going up instead of down and when it goes up to Rs872 and I want the keep my profits safe.. how do I do that? For example the highest traded price is 872 I want to keep another stop loss at rs 2 less then the highest traded price since the time I have held the shares... I want this stop loss to be dynamic so as the price goes up my stop loss goes up with it and as soon as the price comes down by Rs2 my stop loss triggers and my holding is sold at market price.

I have a clear understanding of what I want to do but my problem is how do I place these orders on RK Global?

I would highly appreciate a detailed reply.

Thanks
Naya Baccha ;)
 
Biswajit Das

Biswajit Das

Well-Known Member
#2
#2
NayaBaccha said:
Hello,

I recently opened an account with RK Global and would like to start trading but I have no clue how to use the stop loss thing :( I am listing out a few things that I need to know how to do if one of you be kind enough to guide me through or point me in the right direction if there is a resource already available in another thread :

Here is an example :

I would like to buy RIL at 865 and would like it to be sold off automatically if a trade happens at a price of Rs861.

Once I have say 100 shares at a price of 865 each and there is an automatic stop loss thing in place for Rs861 to keep the loss limited to Rs4 per share... Now say the price starts going up instead of down and when it goes up to Rs872 and I want the keep my profits safe.. how do I do that? For example the highest traded price is 872 I want to keep another stop loss at rs 2 less then the highest traded price since the time I have held the shares... I want this stop loss to be dynamic so as the price goes up my stop loss goes up with it and as soon as the price comes down by Rs2 my stop loss triggers and my holding is sold at market price.

I have a clear understanding of what I want to do but my problem is how do I place these orders on RK Global?

I would highly appreciate a detailed reply.

Thanks
Naya Baccha ;)
Click to expand...
press-F2-click LIMIT-SL-(QNTY)100-PRICE 860.50-TRIGGER PRICE 861.00, now press ENTER on keyboard. check ur SL bid-press F3.
for modification ur bid-press F3-CLICK MODIFY-change ur price and trigger price, say, 868 and 869 :clap:
 
N

NayaBaccha

Member
#3
#3
I was fiddling around with the browser version but have downloaded the diet odin but their servers seem to be down so cant really get a hang of it at the moment till they sort out their servers or complete the maintainence if thats what the servers are down for.

Thanks a lot Biswajit da for your prompt reply but I am a little thick when it comes to computers unfortunately so if I understand it correctly this is how I do it:

Place a normal buy order at the price I want and once the trade goes through thats when I press F2 and do as you explained or am I missing something here?

Isint the stop loss supposed to be entered along with the buy order?

I ordered the book Trading for a living by A Elder from Flipkart which was delivered some 14 hours ago and I am done reading every single word in the book (all 494 pages) and have a slight idea of what I want to do but this technology and computers seem to be a barrier for me.
 
N

NayaBaccha

Member
#4
#4
I have practiced a bit and I am able to place orders and place stop loss orders :) Thanks for your help.

I cant figure out where to see my Demat holdings in ODIN. It only shows margin positions when I press alt+F6 I did try to select delivery but there is no submit button or any way to refresh that window.
 
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